Several people are receiving one of these 26AS statement email message from IT department and they are panicking. The sender of these email is”DONOTREPLY@incometaxindiaefiling.gov.in” with the subject line saying – File your IT Return to report your income. Few people have also received SMS from DZITDEFL or VKITDEFL on the same topic.
We will cover the following topics in this post to alleviate all your concerns
- Different Variants of the email message
- ITDEFL 26AS SMS message
- MEANING of these messages from IT Dept?
- Due Date for filing IT return? – As per the tweet of @IncomeTaxIndia’s – The Due Date for filing of Income Tax Returns for FY 2016-17 has been extended to 5th August 2017
- What is Form 26AS Statement?
- Structure of Form 26AS Statement
- How to Download and View your 26AS Statement
First Variant of the email message received –
It is seen from your 26AS statement that there are TDS deductions on payments received by you during F.Y. 2016-17.
Therefore, it is advised that you may ascertain your tax liability for AY 2017-18 and file your Income Tax Return (ITR) by the due date. If your case is not auditable, your due date for filing of your Income Tax Return will be 31st July 2017.
Please also link your PAN with Aadhaar on the e-filing website. If your mobile is linked with Aadhaar, then you can e-verify your ITR using Aadhaar OTP. E-verification is easy and is also possible through net-banking, Bank account validation, Bank ATM or Demat account validation. No need to send ITR-V to CPC Bangalore if you e-verify.
In case you require any assistance in knowing about due dates of filing, ITR Form Number or procedure for filing of Income Tax Return, please visit www.incometaxindiaefiling.gov.in or call on 1800 4250 0025.
Your 26AS Statement for FY16-17 shows income receipts & TDS. Please ascertain your tax liability & file IT Return by the due date (31 July 2017, if not auditable). Please link your PAN with Aadhaar. E-verify your ITR using Aadhaar OTP or other methods.
Your 26AS Statement for FY16-17 shows income receipts without TDS. Please ascertain your tax liability & file IT Return by the due date (31 July 2017, if not auditable).
You could get this from ITDEFL or VKITDEFL or DZITDEFL and it would basically convey the similar message as in the emails above.
Many of our clients are calling us and asking –
Do I need to be concerned? Am I getting audited?
I filed my return, is anything wrong? Do I need to pay an additional tax? and so on…
First of all, there is no need to Panic.
This is a reminder by Income Tax department to everyone that the due date of filing income tax return is nearing and they should be prepared.
Income Tax department or rather the software used for them for data analytics has analysed the data in your 26AS statement and ascertained that
- That there are TDS deductions on payments received (i.e. income received) by you during F.Y. 2016-17. OR
- That there are NO TDS deductions on income received by you during F.Y. 2016-17
They are also reminding you to link your PAN with Aadhaar on the income tax department e-filing website.
In case you still have questions or concerns then please contact us here.
The Due date of filing income tax return for Financial Year 2016-17(Assessment Year 2017-18) is
- 31st July 2017 for Individuals — As per the tweet of @IncomeTaxIndia’s – The Due Date for filing of Income Tax Returns for FY 2016-17 has been extended to 5th August 2017
- 30th September 2017 for Businesses
This is income tax return for the financial year 2016-17. And it is applicable for income earned from April 1st, 2016 to March 31st, 2017.
When you Form 26AS (Tax Credit Statement) is the yearly statement in which the details of the tax credit are maintained for every taxpayer as per the database of Income-tax Department. Form 26AS reflects the tax credit against the PAN (Permanent Account Number) of the tax payer.
Part A – Details of Tax Deducted at Source
This section gives you all the details of Tax Deducted at Source. For example, taxes that have been deducted from your salary can be found here.
Part A1 – Details of Tax Deducted at Source for 15G/15H
This section covers details of tax deducted but only from your interest income. If the bank has deducted any tax on the interest earned by you, then you would find those details here.
Part A2 – Details of Tax Deducted at Source on Sale of Immovable Property u/s 194IA
This is for Seller of Property
Part B – Details of Tax Collected at Source
If you are a merchant or engaged in the business of selling, then you will find the details of taxes you collected from your customers.
Part C – Details of Tax Paid (other than TDS or TCS)
If you are a professional such as a Lawyer, doctor, any other professional or a businessman who has paid Advance Tax or Self-assessment tax then you can find its details in this section of Form 26AS.
Details of Paid Refund
Any refund that you might have received from the Income Tax department along with interest paid by them on that refund is listed in this section.
Part E – Details of AIR Transaction
When you engage in any high-value transactions like depositing a large sum of money into savings bank account, purchasing high-value bonds or debentures, buying a lot of mutual funds, purchase of Real Estate, etc. then banks and other financial institutions need to report it to the tax department. You can find the details of all those transactions reported by them in this area.
Part F – Details of Tax Deducted at Source on Sale of Immovable Property u/s 194IA (For Buyer of Property)
If you purchased Land, Flat or any property whose value exceeded Rs. 50 lakh, then you need to deduct and deposit TDS on behalf of the seller. The details of such TDS deducted on behalf of the seller can be found in this part of the form.
Part G – TDS Defaults* (Processing of Statements)
If there has been any default in the payment of TDS, any penalty paid for such defaults in payment or filing of TDS return, etc. then they can be seen in Part G of the form
Above is a quick video demonstrating below steps.
- First, go to official Income Tax filing website – http://incometaxindiaefiling.gov.in/. On the left-hand side click on the “View Form 26AS (Tax Credit)”
- Log in using your details i.e. – USER ID, PASSWORD and CAPTCHA. And if you don’t have an account, you can register here
- You will need your PAN Card number, password and date of birth / date of incorporation. Also, you need to enter the captcha code. Now click on Log in.
- Once logged in then go to the ‘My Account’. Click on ‘View Form 26AS’ in the drop down.
- You will get a prompt informing that you will now be redirected to the TRACES website. Click Ok and move forward. TRACES website is a Government website.
- Once on TRACES Click on the box and click on ‘Proceed’.
- Select the link at the bottom of the page – ‘Click View Tax Credit (Form 26AS) to view your Form 26AS’.
- Now choose the correct Assessment Year for which you want to see your Form 26-AS.
- Make a choice between HTML or PDF. The default is HTML. Choose HTML If you want to see it online or if you would like to download for future reference, then choose PDF. After you have made your selection, enter the ‘Verification Code’ and click on ‘View/Download’.
- If you have selected the PDF option above then to open the document you will have to enter a password which is your date of birth in DDMMYYYY format.
Below is a Google Map of Income Tax Office for Your Reference